Re:Facebook reveals its cryptocurrency Libra
by viraptor on Tuesday June 18, 2019 @07:01PM
(#20219309)
51% attack applies to mining. Libra will not be mined. They have 33% attack on voting... but if 1/3 of the founding companies disagree about some transfer, they've got bigger issues than just that attack.
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Re:Facebook reveals its cryptocurrency Libra
by waynecochran on Wednesday June 19, 2019 @12:32AM
(#20220812)
If there is no mining, how does proof of work occur to create coins? I only have an understanding of how blockchain works, but proof of work seems like a necessary ingredient in any cryptocurrency system.